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The Bank of America® Student Platinum Plus® Visa® Credit Card was last reviewed on 10th May 2008
Summary - The Bank of America® Student Platinum Plus® Visa® Credit Card is a basic no-frills credit card that will appeal to the part-time or full-time college student who is just looking for a basic credit card to start building their credit history. Find out more about this card.
Annual Fee and APR - There is no annual fee. The APR is prime rate plus 10.99%. The average daily balance method (including new purchases) is used to calculate monthly balances.
Other Platinum Benefits - The Bank of America Visa Platinum various benefits. Below are just a few highlights:
Online Banking service Travel and emergency assistance Automatic auto rental insurance Convenience checks at no extra charge
Requirements - To apply for this card, you need to be either a part-time or full-time college student attending an accredited 2-year or 4-year college. You need a minimum income of $200 in monthly income after rent, tuition, utility, and food expenses are paid. No cosigner is needed.
Verdict - The Bank of America® Student Platinum Plus® Visa® Credit Card is a pretty basic student credit card. If you are a college student looking for a credit card, there are a couple of cards that are better than this one. For example, the Discover® Student Card, which allows you to earn cash rebates and you can get discounts at shopdiscover.com on lots of merchandise.
| Bank of America® Student Platinum Plus® Visa® Credit Card |
| Cost/Fees/Interest
rates |
| (APR) Purchase |
Prime + 10.99% |
| (APR) Balance Transfer |
Prime + 10.99% |
| (APR) Cash Advance APR |
(P + 15.99%) |
| Annual Fees |
None |
| Finance Configuration |
Average Daily Balance (including new purchases) |
| Additional Cardholders |
$0 |
| Grace Period |
20 days (Min) |
| Late Payment fee |
Based on Account balance on the fee assessment date - $15 for balances less than or equal to $100, $29 for balances $100.01 to $250, $39 for balances greater than $250. |
| Over-the-credit-limit fee |
Based on the highest Account balance during the Billing Cycle - $15 for balances less than or equal to $500, $29 for balances $500.01 to $1000, $39 for balances greater than $1000. |
| Cash Advance fee |
3% min $10.00 |
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